South Korea, ECLAC Sign Agreements to Bolster Trade with the Caribbean

31 Jul 2017

ECLAC was founded with the purpose of contributing to the economic development of Latin America & the Caribbean, coordinating actions directed towards this end, and reinforcing economic ties among countries and with other nations of the world.

The Economic Commission for Latin America and the Caribbean (ECLAC) has signed two agreements with South Korea that would bolster trade between Asia and the Latin American and Caribbean region, with an emphasis on fulfilling the United Nations’ 2030 Agenda for Sustainable Development.

Three Agreements Were Signed

Three agreements were penned by the Ambassador of the Republic of Korea in Chile, In-gyun Chung, and the UN regional organisation’s executive secretary, Alicia Bárcena, during a meeting held at ECLAC’s headquarters in Santiago, Chile.

At the meeting, ELAC said In-gyun Chung underscored ECLAC’s work and “expressed his intention of prolonging and expanding bilateral strategic cooperation, oriented toward the needs of Latin American and Caribbean countries”.

Bárcena said it was “highly important for the region to continue exchanging experiences with the Republic of Korea, a country that managed to escape the Middle Income trap through investment in science, technology and innovation”.